Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-10-15
THE NATIONS TRADE.
RG DUNN & CO. IS REPoRroF rHB GENERAL
BUSINESS OUTLOOK.


NEW YORK, October 1A-R @. Dun &
Co. in their weekly review Of trade says:
In spite Of many favorable condition noted
last week, prices do not advance The
Treasury addei $50, coo, 900 to circulation
in September, and has added about y, ,0o0,-
600 since, and the B. & o. bargain has
been ratified, and Reading Reorganization
ensued, yet prices Of stock fell on wednes-
day to an average OF $5s.77 per share, the
lowest since April and May, 1886. and ex-
ceptiug q few weeks then the lowest for
two years. Wheat has lost every advance
since September e6th. Corn for fort
night past and oats for . month past
have declined cent during the
month, and pork 81 per barrel.
Oil is higher bat transactions Insignificant.
Coal is stronger, because Of the strike, but
iron and steel lower. The elaborate state
ments Of exchanges for the past yesran
a quarter, only conceal the fact TIA, oil
late, exchanges have been falling behind
those Of last year, tirst ut New York, and
then at other cities and New England
manufacturing towns. In short, the theory
that more money" ensures prosperity
comes 10 grief agpin. More than Sl07,-
600, 600 have been added 10 the circulation
within the past fourteen months, but the
speculation thus stimulated has wrought
much harm already, and clouded the fu.
ture with doubt.
While great activity and expansion are
witnessed in some branches OF business,
others exhibit symptoms OF reaction.
Steel rails are again lower, sales were
made last week for $34, spring delivery,
and some makers are urging general stop
page OF works. Pig iron No. foundry,
continues scarce, because OF the lehiHh
coal stock, but lower quotations come for
grey forge, and also for bar iron. En-
couraging statements Of exports 10 Sep
tember show that breadstufis, cot
ton, provisions, oil and cattle, the
value was nine per cent greater than in
1886; large decrease appears in wheat hut
q noteworthy increase in -four; of cattle
and pork exports decrease one-half, and
there is some loss 10 butter, cheese and oil
but a gain Of So, $40, 900 in exports Of cot.
ton. This months exports from New York
show gain of "A per cent, against an in
crease Of 10 per cent in imports.
Exchange has advanced this week, be-
cause of large sales Of stocks on foreign &C
cont. The passing of dividend bv the B.
& o. and other eveLt will 80 discourage
foreign holders "A to cause extensive SELL
ing, but 500, 900 in gold arrived on Thurs
day.
I.,a.,os .ona.,. .., ,n;f,rmIv p,ar,.
favorable, though tight money and slow
collections are still reported from some
points The pressure is In most cases less
severe and collections rather better. In
Texas where the cotton yield is said 10 bc
ten per cent below last years, failures are
more numerous and many traders are
asking indulgence. But east Of the Mis-.
issippi money Is generally easier nj tho
south, and the partial failure Of crops II NJ
yet hardly recognized n q cause Of dis
turhance IN the northwest. II the actual
losses Of farmers are as larges M the Octo-
ber bureau report would indicate,
however, some Of the shrinkage In
the volume Of business must result.
The dry goods trade, though rather loss
active has been fairly satisfactory In volume
with the prices well maintained, though
print cloths ARE shade lower. Shrinkags
in woolen manufacture appears In reported
sales OF wool at Boston with 81 1000, 900
pounds for three months ending October
LIST, against 50, 600, 900 for the same months
last year. The boot and shoe business In
active and healthy, and the leather market
at last improves In some localities NJ the
West, where real estate speculation began